Regulators added $1.8 billion in cumulative burdens this week through 13 regulations with quantified costs. Annual benefits were $112 million and regulators published 3.6 million paperwork burden hours. The Department of Interior’s (DOI) proposal on drilling on the outer continental shelf led the week.
Perhaps there is hope for bipartisan policy in this Congress after all. Senators Dianne Feinstein and Pat Toomey have collaborated on a bill to repeal the ethanol mandate embedded in the Renewable Fuels Standard (RFS). The RFS was created by the Energy Policy Act of 2005 and expanded in 2007.
Medicare Advantage is a popular health insurance program for American seniors that has been successful in offering more plan choices, good benefits, and quality healthcare.
The president’s Council of Economic Advisers released its Economic Report of the President (Report) last week, an annual undertaking that produces a massive tome of charts, tables, and selective history and analysis.
Chairman Luetkemeyer, Ranking Member Cleaver, and members of the committee, thank you for the opportunity to appear today and share my views on the financial status of the Federal Housing Administration (FHA). It is vitally important to reassess the health of FHA’s Mutual Mortgage Insurance Fund (MMIF) in light of recent reductions in premiums. In this testimony, I wish make three basic points:
Included in President Obama’s $4 trillion FY 2016 budget are a number of changes for higher education –fiscally, and policy-wise. The budget acknowledged the federal government would be on the hook for $21.8 billion more than expected for direct student loans in fiscal year 2016.
Today the Federal Communication Commission (FCC) will vote on Chairman Wheeler’s proposed “net neutrality” regulation. The fundamental notion in network neutrality — namely, that all users on the Internet should have fair access to content — is intuitively appealing. Unfortunately, the reality of classifying the Internet like a public utility (“Title II regulation”) is far less rosy.
Virtually everyone agrees that we need some type of regulatory reform, but understanding current burdens and reform attempts can guide any reform effort. Balanced regulatory reform that retrospectively examines past rules and prospectively evaluates the costs, benefits, and regulatory alternatives is an international standard practice, not a partisan exercise.
President Obama was correct in 2007 when as a senator he wrote to then- Federal Communication Commission Chairman Martin asserting “the proper process for vetting [a regulation] is not in closed door meetings…”Recently, the FCC’s secretive process throughout the debate on net neutrality and regulating the Internet under Title II has been, to steal one more of his phrases, “irresponsible.”
The Affordable Care Act and its impact on people's taxes this year, explained in one minute by AAF Health Care Policy Director Christopher Holt.